LDK Solar Announces Arbitration Award

                    LDK Solar Announces Arbitration Award

PR Newswire

XINYU CITY, China and SUNNYVALE, Calif., Dec. 13, 2012

XINYU CITY, China and SUNNYVALE, Calif., Dec. 13, 2012 /PRNewswire/ -- LDK
Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading vertically integrated
manufacturer of photovoltaic products, today announced that the China
International Economic and Trade Arbitration Commission (CIETAC) stated that
the wafer supply contracts entered into in October 2007 and June 2008 between
LDK Solar and Canadian Solar (CSI) and its China-based subsidiary affiliate
are valid and effective through the duration and at terms and conditions
related to quantities and prices set forth therein.

On December 12, 2012 CIETAC stated that by virtue of the arbitration
proceedings CSI shall pay to LDK Solar an amount of approximately RMB 248.9
million, including RMB 60 million paid as a deposit and additional cash of RMB
188.9 million, to compensate LDK Solar for the loss of profitability as well
as approximately an additional RMB 2 million to cover arbitral fees accrued as
a result of this proceeding.

"We are pleased to receive this award after entering into this arbitration
proceeding more than two years ago," stated Xingxue Tong, President and CEO of
LDK Solar."LDK Solar is committed to innovation, quality, and customer
service.Our philosophy is to invest in building our manufacturing capacity to
the right size for our valued customers.Regretfully, underperforming supply
contracts contributed to our lower-than-expected plant utilization ratio.We
strive to offer the best products and services to our customers so that
together we can overcome the current global industry challenges," concluded
Mr. Tong.

About LDK Solar (NYSE: LDK)
LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated
manufacturer of photovoltaic (PV) products. LDK Solar manufactures
polysilicon, mono and multicrystalline ingots, wafers, cells, modules,
systems, power projects and solutions. LDK Solar's headquarters and principal
manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City,
Jiangxi Province in the People's Republic of China. LDK Solar's office in the
United States is located in Sunnyvale, California. For more information about
LDK Solar and its products, please visit www.ldksolar.com.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact in this press
release are forward-looking statements, including but not limited to, LDK
Solar's ability to raise additional capital to finance its operating
activities, the effectiveness, profitability and marketability of its
products, the future trading of its securities, the ability of LDK Solar to
operate as a public company, the period of time during which its current
liquidity will enable LDK Solar to fund its operations, its ability to protect
its proprietary information, the general economic and business environment and
conditions, the volatility of LDK Solar's operating results and financial
condition, its ability to attract and retain qualified senior management
personnel and research and development staff, its ability to timely and
efficiently complete its ongoing projects, and other risks and uncertainties
disclosed in LDK Solar's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and
uncertainties and are based on information available to LDK Solar's management
as of the date hereof and on its current expectations, assumptions, estimates
and projections about LDK Solar and the PV industry. Actual results may differ
materially from the anticipated results because of such and other risks and
uncertainties. LDK Solar undertakes no obligation to update forward-looking
statements to reflect subsequent events or circumstances, or changes in its
expectations, assumptions, estimates and projections except as may be required
by law.

SOURCE LDK Solar Co., Ltd.

Website: http://www.ldksolar.com
Contact: Lisa Laukkanen, The Blueshirt Group for LDK Solar,
lisa@blueshirtgroup.com, +1-415-217-4967; Jack Lai, Executive VP and CFO, LDK
Solar Co., Ltd., IR@ldksolar.com, +1-408-245-8801
 
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